At the last policy meeting, the Bank of Japan (BoJ) decided to expand its bond purchase program. Japanese government bonds can now be bought indefinitely by the BoJ, and the purchase of Japanese corporate bonds is also being expanded. These measures have been taken to assist the Japanese economy affected by the corona crisis. The BoJ left its policy rates unchanged.
The Ifo research institute has announced that German entrepreneurs’ confidence in the economy has further decreased to the lowest point ever. The index was at 74.3 in April 2020 against a revised 85.9 in March. A significant decline was also reported in March 2020. Economists had forecast an average decline to 79.7 in April 2020.
The Netherlands Bureau for Economic Policy Analysis published its monthly world trade monitor for February 2020. This shows that world trade volume fell by 1.5% on a monthly basis in February. World trade volume declined by a revised 1.4% in January. Global industrial production rose slightly by 0.2% in February compared to a month earlier.
The 6M Euribor decreased with 3 basis points to -0.14% compared to previous business day. The 10Y Swap increased with 2 basis points to -0.05% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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